Boparan to lose out as butchers enter administration
2 Sisters owner Ranjit Boparan invested £5.1m in butchers Crawshaw Group in April 2017 but today the food retailer has announced plans to appoint administrators.
Boparan Private Office was the largest shareholder, with a 29.7% stake, after last year's “transformational” supply chain partnership.
However the Yorkshire-based butcher has failed to secure funds to support a turnaround plan. It had been considering a number of remedial actions, including raising additional funding through an equity capital raising in order t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...